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The Home Depot Foundation commits up to $2 million for Hurricane Helene relief

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The Home Depot Foundation has committed up to $2 million for immediate disaster relief in communities affected by Hurricane Helene. The Foundation is working with various nonprofit partners to provide essential support:

- Convoy of Hope and Operation Blessing are distributing food, water, and supplies.
- World Central Kitchen is providing meals in Florida, Georgia, and North Carolina.
- American Red Cross has opened shelters for over 9,000 people.
- Team Rubicon and Inspiritus are conducting damage assessments.
- ToolBank Disaster Services is supplying tools for cleanup efforts.

Team Depot, The Home Depot's volunteer force, is donating supplies and will assist in cleanup efforts across affected states. The Homer Fund is providing financial support to impacted Home Depot associates.

La Home Depot Foundation ha impegnato fino a 2 milioni di dollari per un intervento immediato di soccorso in caso di calamità nelle comunità colpite da Hurricane Helene. La Fondazione sta collaborando con vari partner no-profit per fornire supporto essenziale:

- Convoy of Hope e Operation Blessing stanno distribuendo cibo, acqua e materiali.
- World Central Kitchen sta fornendo pasti in Florida, Georgia e Carolina del Nord.
- La Croce Rossa Americana ha aperto rifugi per oltre 9.000 persone.
- Team Rubicon e Inspiritus stanno conducendo valutazioni dei danni.
- ToolBank Disaster Services sta fornendo attrezzi per le operazioni di bonifica.

Team Depot, il gruppo di volontari di The Home Depot, sta donando materiali e assisterà nelle operazioni di pulizia negli stati colpiti. Il Fondo Homer sta fornendo supporto finanziario ai dipendenti Home Depot colpiti.

The Home Depot Foundation ha comprometido hasta 2 millones de dólares para el alivio inmediato de desastres en las comunidades afectadas por Hurricane Helene. La Fundación está trabajando con varios socios sin fines de lucro para proporcionar apoyo esencial:

- Convoy of Hope y Operation Blessing están distribuyendo alimentos, agua y suministros.
- World Central Kitchen está proporcionando comidas en Florida, Georgia y Carolina del Norte.
- La Cruz Roja Americana ha abierto refugios para más de 9,000 personas.
- Team Rubicon e Inspiritus están realizando evaluaciones de daños.
- ToolBank Disaster Services está suministrando herramientas para los esfuerzos de limpieza.

Team Depot, la fuerza de voluntarios de The Home Depot, está donando suministros y asistirá en los esfuerzos de limpieza en los estados afectados. El Fondo Homer está proporcionando apoyo financiero a los asociados de Home Depot afectados.

홈디포 재단은 200만 달러까지의 기부허리케인 헬렌의 피해를 입은 지역 사회의 즉각적인 재난 구호를 위해 약속했습니다. 재단은 다양한 비영리 파트너와 협력하여 필수 지원을 제공합니다:

- Convoy of Hope와 Operation Blessing이 음식, 물 및 용품을 배급하고 있습니다.
- 월드 센트럴 키친이 플로리다, 조지아 및 노스 캐롤라이나에서 식사를 제공합니다.
- 미국 적십자사는 9,000명 이상의 사람들을 위한 대피소를 열었습니다.
- Team Rubicon과 Inspiritus가 피해 평가를 실시하고 있습니다.
- ToolBank 재난 서비스가 정리 작업을 위한 도구를 제공하고 있습니다.

홈디포의 자원봉사 그룹인 Team Depot는 자재를 기부하고 피해를 입은 주에서 정리 작업을 지원합니다. Homer Fund는 영향을 받은 홈디포 직원들에게 재정 지원을 제공합니다.

La Home Depot Foundation s'est engagée à hauteur de 2 millions de dollars pour une aide immédiate après la catastrophe dans les communautés touchées par l'ouragan Helene. La Fondation collabore avec divers partenaires à but non lucratif pour fournir un soutien essentiel :

- Convoy of Hope et Operation Blessing distribuent de la nourriture, de l'eau et des fournitures.
- World Central Kitchen fournit des repas en Floride, en Géorgie et en Caroline du Nord.
- La Croix-Rouge américaine a ouvert des refuges pour plus de 9 000 personnes.
- Team Rubicon et Inspiritus réalisent des évaluations des dommages.
- ToolBank Disaster Services fournit des outils pour les efforts de nettoyage.

Team Depot, la force de bénévoles de The Home Depot, fait don de fournitures et aidera aux efforts de nettoyage dans les états touchés. Le Homer Fund fournit un soutien financier aux employés de Home Depot affectés.

Die Home Depot Foundation hat bis zu 2 Millionen US-Dollar für sofortige Katastrophenhilfe in von Hurrikan Helene betroffenen Gemeinden zugesagt. Die Stiftung arbeitet mit verschiedenen gemeinnützigen Partnern zusammen, um essentielle Unterstützung bereitzustellen:

- Convoy of Hope und Operation Blessing verteilen Lebensmittel, Wasser und Materialien.
- World Central Kitchen liefert Mahlzeiten in Florida, Georgia und North Carolina.
- Das Amerikanische Rote Kreuz hat Unterkünfte für über 9.000 Personen eingerichtet.
- Team Rubicon und Inspiritus führen Schadensbewertungen durch.
- ToolBank Disaster Services stellt Werkzeuge für die Aufräumarbeiten bereit.

Team Depot, die Freiwilligengruppe von The Home Depot, spendet Materialien und wird bei den Aufräumarbeiten in den betroffenen Bundesstaaten helfen. Der Homer Fund bietet finanzielle Unterstützung für betroffene Home Depot-Mitarbeiter.

Positive
  • Commitment of up to $2 million for Hurricane Helene relief efforts
  • Collaboration with multiple nonprofit partners for efficient disaster response
  • Demonstration of corporate social responsibility, potentially enhancing brand image
Negative
  • None.

Insights

The Home Depot Foundation's commitment of up to $2 million for Hurricane Helene relief demonstrates the company's strong dedication to corporate social responsibility (CSR). This initiative aligns with their ongoing efforts to support communities affected by natural disasters, which is a key part of their CSR strategy.

While the $2 million commitment is significant for disaster relief, it's important to note that this amount is relatively small compared to Home Depot's overall financial position, given its market cap of $396 billion. The impact on the company's financials will be minimal.

However, the reputational benefits could be substantial. Such actions can enhance brand loyalty, employee morale and stakeholder goodwill. This could indirectly contribute to long-term value creation for shareholders by strengthening the company's position in the communities it serves.

Investors should view this as a positive indicator of the company's commitment to sustainable business practices and community engagement, which are increasingly important factors in ESG (Environmental, Social and Governance) assessments.

ATLANTA, Sept. 30, 2024 /PRNewswire/ -- The Home Depot Foundation is committing up to $2 million to support immediate disaster relief in communities impacted by Hurricane Helene.

The Foundation's nonprofit partners are mobilizing teams and resources to assess damage, deliver relief supplies and begin cleanup and repairs, including:

  • Convoy of Hope and Operation Blessing are establishing bases of operation across the Southeast to distribute food, water, hygiene items, cleaning supplies, meals and more to impacted communities.
  • World Central Kitchen has been distributing meals in Florida, Georgia and North Carolina, while the American Red Cross has opened shelters to support more than 9,000 people in hard-hit areas.
  • Team Rubicon and Inspiritus are conducting damage assessments to determine where they can support with debris removal from roadways.
  • ToolBank Disaster Services and its affiliates across Florida are supplying tools and equipment to local organizations to support cleanup efforts.

Team Depot, The Home Depot's associate volunteer force, is donating relief supplies to nonprofits, first responders and government agencies, and volunteers will be on the ground in the coming days and weeks to help clean up in local communities in North Carolina, South Carolina, Florida and Georgia, including The Home Depot's hometown of Atlanta.

"Our thoughts are with the communities that have been impacted by Hurricane Helene," said Erin Izen, executive director of The Home Depot Foundation. "The Foundation and Team Depot are working alongside our disaster relief partners to assist the people and areas impacted by this catastrophic storm."

The Homer Fund, The Home Depot's employee assistance fund, is providing immediate financial support to impacted associates in need of safe housing, food and clothing while displaced.

About The Home Depot Foundation 

The Home Depot Foundation, the nonprofit arm of The Home Depot (NYSE: HD), works to improve the homes and lives of U.S. veterans, support communities impacted by natural disasters and train skilled tradespeople to fill the labor gap. Since 2011, the Foundation has invested more than $500 million in veteran causes and improved more than 60,000 veteran homes and facilities. The Foundation has pledged to invest $750 million in veteran causes by 2030 and $50 million in training the next generation of skilled tradespeople through the Path to Pro program by 2028. To learn more about The Home Depot Foundation visit HomeDepotFoundation.org and follow us on X @HomeDepotFound and on Facebook and Instagram @HomeDepotFoundation.

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SOURCE The Home Depot Foundation

FAQ

How much has The Home Depot Foundation committed for Hurricane Helene relief?

The Home Depot Foundation has committed up to $2 million for immediate disaster relief in communities impacted by Hurricane Helene.

What areas are receiving support from The Home Depot Foundation (HD) for Hurricane Helene relief?

The Home Depot Foundation is supporting relief efforts in North Carolina, South Carolina, Florida, and Georgia, including Atlanta, which is The Home Depot's hometown.

How is The Home Depot Foundation (HD) assisting employees affected by Hurricane Helene?

The Homer Fund, The Home Depot's employee assistance fund, is providing immediate financial support to impacted associates for safe housing, food, and clothing while displaced.

What nonprofit organizations is The Home Depot Foundation partnering with for Hurricane Helene relief?

The Home Depot Foundation is partnering with Convoy of Hope, Operation Blessing, World Central Kitchen, American Red Cross, Team Rubicon, Inspiritus, and ToolBank Disaster Services for Hurricane Helene relief efforts.

Home Depot, Inc.

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